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Sundance chairman George Jones upbeat on funding, page-3

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    Pikapika

    June 19, 2014 |
    FALLING iron ore prices and a dwindling share price have done little to dent the enthusiasm of Sundance Resources chairman George Jones, who has set a tight timetable for the group’s ambitious $4.5 billion fundraising efforts.

    …Acknowledging that many in the market viewed Sundance’s plans to develop its large but remote Mbalam iron ore project — which sits in jungle on the border between Cameroon and the Democratic Republic of Congo — as an “impossible dream”, Mr Jones said there had been strong interest from a range of potential financiers and partners.

    He pointed to his previous success at iron ore miner Portman, where he grew the market capitalisation from $12 million to $3.2bn, and the success of Andrew Forrest in financing the development of Fortescue Metals Group’s Pilbara iron ore assets as proof that Sundance’s goals were achievable.

    http://www.macrobusiness.com.au/2014/06/iron-ore-sacred-cows-plod-to-the-knackery/
 
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